Best way to Become an Owner Operator 2024. A better way to be an Owner Operator in Trucking America
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- čas přidán 15. 01. 2024
- The Hook Up ⬇️⬇️⬇️
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Sammy, when getting your authority how hard was it to get loads right away? I hear some brokers won’t use you for a while. Can you share your experience with that?
I just worked otr my first year lived out of the truck had no rent or car payment. Saved all my money and bought a 2022 cascadia from an auction in Florida for 23k cash. No truck payment just insurance. I run mostly reefer contracts from heyl and marten and do very well for myself.
hey, hi. I am planning to do the same, is it worth it , are there some other monthly payments scheme to get a truck?
and if you can send me a link or address of auction in Florida ?!! thanks
Is that the best option to do? Is to buy a truck out right and just worry about insurance-trailer payment etc?
@israelh.2259 yes but you need enough to buy the truck and at least 10,000 in savings to start. Then save another 15,000 before you start spending any Capitol you make. This ensures a safety blanket for repairs or any time off you may need for emergencies. Also I don't have trailer payments cause I never bought one and don't plan on it. I can park my tractor in my back yard. Truck parking with a trailer is expensive and a hassle.
@sherhan1987 Ritchie bros auction. They also have a ton of heavy duty farm and construction equipment.
Too many jump into being an O/O/lease operator because they couldn't figure out how to save a dime as a company driver... they get way over their head and end up bankrupt because they are working for free.
Three years as a company driver and save 50% from the start, and I'm extremely cautious about becoming an O/O.
Most of these O/O wannabes can't even run a hotdog stand at a ball park, let alone a lemonade stand at their front yard .... Yet they wanna listen to these videos and think they can swing it 😂
Great information. And congrats on the new ride. Beautiful.
Great brother, I be watching your channel now. Happy trucken
Pros and cons on both sides. Lease do you research on the weekly expenses versus estimated weekly revenue and get a brand new truck under warranty with option to buy at the end.
Buy a old truck than you better know how to fix on it and have funds on deck for breakdowns. Possibly your 1st load. It’s a roll of the dice with older trucks and not knowing how well they were maintained.
What up Sammy. Old Eli Mae sounding good. Been a good ple truck. Listen all you can do is try and help people get ahead. Your advise don’t cost them anything. And you know what it takes to get there. Another good video. Hope to see ya at MATS with the new 589.
Right on 😎
Great video! Very helpful! Have a nice future
Straight up truthful!
Sammy comin in hot with an OG help video! ❤
I like your newer truck, very nice..Be careful and safe..Have a great day..😀👍☕️🇺🇸
Thanks, you too!
I went through Bush Truck Leasing with USA-Truck. I have a 2017 Kenworth T680 that i picked up during Covid 2020. My truck had 364K when i got it with a 4K down payment. Its an ex Werner truck. My weekly payment was $720.26 with $200 maintenance included in the $720.26. The truck still had original factory warranty. It was tough but, its mine now as of October 2023. Ive never had any issues with this truck. I baby my truck and stay on top of all maintenance. I DO NOT IDLE MY TRUCK. Truck came with new virgin tires. New brakes. Ive since replaced all drums and brakes due to them putting new brakes on old drums. It can be done through lease purchase. You must have discipline. Im still here at USA.
Paying almost $70,000 for a 2019 International from lone mountain when the exact same truck is going for $40,000 on Truck Paper
Sammy my guy Asian mi did a video saying that Land Star 🌟 stopped Hiring certain types of O/O Due to some type of SCAMMING just my 2cents .
The problem with Loan Mountain they don’t have models 2021 2022
Do you have 40,000$ cash to pay for that?
It's the 30% interest rate that creates that margin. The average interest rate for a car lease is 15%. Why pay more for a depreciating asset🤷
True
That’s exactly what I did 6k down payment was 1400 paid off in 3 years
This is some good advice right here
The benefits to a lease like lone mountain is the payment is 100% right off. If not lone mountain there are many financial companies that will do it. Its usually much faster and easier than bank financing. For the right off alone I will always keep a payment on something weather a truck or another trailer written up as a lease. At tax time youll be happy
🙌🙌👊
Thanks bro! That's a comfortable backup plan when.. my 650,000 ml paccar decides to take a dump
Have money to pay for it and be out of work for at least 3 weeks
Good video, bro. I'm waiting for their inventory of Peterbilts, to arrive. And hopefully by June. I'll be in my own truck, working with JB Hunt.
Thank You 🤝
Good video it makes cents 💯
The truck looks good😊❤🎉
Aint no doubt Sammy....the business part of your video .. good info..if u can't save 5grand in a few months ir so then no need in being a oo...its a waste of time and your moneys...
I saw that picture of your new ride and thought about time Sammy is going to show us his new ride lol never even looked at the title of the video. 😂
😂😂 I’ll have some videos up of the Pete soon. I’ll be home for Feb and be working to get it on the road 🙌
@@MakeCentsTrucking I’ll be waiting 👀
Thanks my brother for the information god bless ❤👌🙏🙇🏼♂️💯
My pleasure!!
Awesome video. I have one ☝🏽 issue with some of these guys and videos. Can you PLEASE EXPLAIN and talk about Trucking insurance, weekly and monthly maintenance fees etc! Thank you 🙏🏽
Not enough high quality freight right now.
Oh cash is king gonna give you hell on his next live for giving this advice
That’s cool. Giving other channel some content is always a good thing 🙌
With Long Mountain your gonna have to show 10,000 plus in business acct for maintance account also
Pretty good advice in this video. You should do a video on work ethic. Not to many people understand the definition.
Amen to that!
I understand what your saying. But in my opinion if you don't know what good work ethic is, you probably don't have one. Again, just my opinion
I did lease purchase & got tired of the weekly notes. I went back company but I am looking to get a truck. Great information.
2011 Cascadia for sell 25,000 NorCal
676,000 miles
53,000 invested (lots new)
If you were making it in a lease purchase then yes, this video is a advice. If you weren’t, then no.
Weekly with high interest scams need to be OUTLAWED. Normal loans are monthly. First TipOff
Additionally, Lone Mountain needs for you to have an LLC that is at least 3 months or older.
Also, you need to have at least twice the amount of your down payment i.e if your down payment is 4k they need for you to have at least 4k left in your bank account. 👍
This is the correct information👈🏾
you dont have to have a llc. you can find a company who can email you a letter that they will hire you if you get a truck like i did and thats fine. you dont have to get a llc
Good to know. Thanks
I know someone that has paid off 2 trucks through Schneider, I paid off 1 , 19-24 month lease 900/weekly with all insurances.
Lol
Furst from -10 Indiana 👊🏻💪🏻🥶🥶🥶🥶
Hey Dixie watch out for the roads in Mo. right now bad, but they are working on them..Be safe..😁👍☕️🇺🇸
"Criteri-er"
His pronouncing makes me trust this man
🤷♂️😎
Sammy should at least do some due diligence and get an updated version from loan mountain for 2024 .
I just want to be my own boss ain’t got my cdl yet but tired of warehouse work
1st time, Hi Sammy. 😊
In 13 more days I'll have 2 weeks in.
First time hardly. How you been?
@@MakeCentsTrucking Ha, oh I'm back on the road. Nice New truck. Hope it works well for you!
That’s exactly what I did last year, but for some reason I wasn’t making it at Landstar I don’t know if it was all the deductions being taken out or what but the loads were paying decent I was averaging about 3 dollars a mile
where are you at now
@@landomadethebeat9458 fixing to start at Estes otr
He's not lying... Now, I didn't do mine on an older model... I did my deal in 2017... I bought a 2017 Int LoneStar with a 550 Cummins and a 13sp...
I put my down payment on the truck; it did have 50k miles on it but that was it... I took it to the place I had been working and leased it on... My payment was 2650$ a month + the gap insurance you have to have and then the overage(if you have any) that's mileage based and mine was .12¢ per mile over 66000 miles per 6 months... You have to send a video of your mileage, tag, lease company(dot numbers) and if you move from your current residence or lease they ask you to keep them updated...
🙌👊
@@bullypits01ablehow much were you making a month at that time brother? Proud of you btw! What was your insurance price also & avg fuel cost per week ? Im in NY this would help!
@@ChozenNYC I was making around 5500$ a week gross... My insurance was about 1100$ a month for my cargo and physical; about 650$ a month for my gap(this went up and down for me)... My fuel cost were 1350$ a week or so then... My settlements after fuel, insurance, and percentage owed was usually 3200$ a week... I paid myself about 650$ a week and left the rest... If I didn't have bills that week I might only pay myself half of that... You have to remember to be disciplined even when things are going well... This is the time when you make your most money; taking time off while having large payments for equipment is the equivalent of losses instead of money earnings... Once it's paid for YOU can dictate what YOU want to do and only then...
Sweet
you deff missed tha part where im order to lease with lone mountain u need to have the same amount or more of what u put down in your business account as a reserve, u cant jus win 5k at a slot machine and take it n go get a trucc from lone mountain
Some folks dont know how to learn.
Save cash for your truck. ( get a fixer upper) rebuild and make the truck mechanily sound.
Run run run.
No repo because there are no payments.
Life is good.
Payments or maintenance. Pick your poison.
@MakeCentsTrucking agreed , just depends on when the cost per mile and the operators ability to proactively do all types of mechanical and body work. That helps push out the cpm.
The newer technology is still problematic. With zero aftermarket support, it makes it interesting. The dealers are still struggling ... after over a decade....
With pre emmision durable tractors, I
Talked to some otr o/o who had one truck their entire career.
It allowed them to have a less stressed life.. for family and work. I've seen it first hand... Many times.
Im looking for a needle in the galaxy trying to find an engine specific. Glider.
Time will tell. The numbers dont lie, it just depends on a o/o needs and wants.
A glider truck would be nice
Hey what’s up bro how are you much love
I bought a 07 century class in 2016 , in 2017 I made a mistake of selling the damn truck . Been shit luck ever since lol.
Ah man!
We need part 2 if you are in a 3 year lease but the payments are weekly ????
I would like to, I have money, just my driving record is awful from when I was younger, had DL suspended, failure to refile SR22, multiple driving without license and and insurance etc.. funny thing is I did all this to keep my job because I couldn't find anyone to get me up and back and I didn't know how to get a TWL from DOT.
Move to a different state. Clean slate. I did and nothing comes up from my early foolish years. New DL #. You don't have to report or tell on yourself when asked about driving record from 20 plus years ago in a different state.
If you dont have money in the bank and good credit, you dont need to own a truck.
So what if I am attempting to start my own business but I only have about 6 months over the road but I'm looking to work for myself how would that work with landstar I really do want to be on the operator I'm already working on acquiring the finances to my LLC to my business cards so I'm just trying to figure out what kind of steps should I take
Who do you use for a trucking cpa is the cpa in ga who can u recommend not atbs
Never became an o/o. Thought about becoming lease op cuz of all the CZcams vids. Now those ppl are realizing they’re screwed. I’m with a company 1099. I stay out a month and get a week off. I make around 7500 -8k a month gross. We go everywhere from cali to Maine and everywhere in between. I’ve always wanted my own truck. My credit is very good and my savings is building up. But I don’t have the repor that these more established companies do. We do a lot of broker loads and they require 2020 or newer equipment? How do guys with older rigs compete? I’m trying to gain as much knowledge I can about becoming an o/o because I’ve been out here 9 years already and want to have a say in where I go. Also my pitbull is getting tired of being on the road for so long 😂
Will land star work with young Canadian truck driver?
3 years experience
Clean cvor/abstract
Best is Credit Union, but at the moment they're asking 20% down if your credit isn't good.
So fresh into buying a truck, with limited experience. A CU is the best option?? Yeahhh, you didn’t watch the video did you lol 🤦♂️
Because best option is having top notch credit, experience and 10% or less down. Trust me, I’ve got that and just bought a second truck. Watch previous video.
This video is for first time buyer as the easiest way to get into the game.
Sammy what I want to know is how you like the new (to you) PETE 579??? I know I like it.
I like it. Won’t be ready until spring tho 😎
Sammy you a goofy guy haha
🤷♂️😜
Keeping the truck, these days, after pay off? They are not like old school trucks. After pay off they are fixing to run you under on repairs. Modern trucks are just about throw away's after 5yrs, just like the megas do. But hey maybe you always get the lucky dice rolls....thx for the vid.
First time buyers get the worst financing because of the overall defaults. I had a 800 score and 20% down on a 100k 2021 Cascadia 260k miles. My payment is $2400.00 per month for 5 years. Banks will not look at you until your LLC has two years showing profit.
The reason for this video 👊 it’s easier to buy a house than a rig for the first time
@@MakeCentsTrucking so true.
$2400/month? Ouch 🤕 ... That's 6 times higher than my monthly insurance bill on my 1999 century & 2014 reefer. Good luck.
@@vroor32 yup, it’s very expensive. The good news is it’s only when you’re starting out after the two year mark it’s a different story. But on the flip side there’s money to be made having your own truck. Even with the rates being the lowest they’ve ever been week go out for 21 days then we’re home to do whatever for 8 days and our gross weekly pay is 10k-12k per week. After all expenses we usually walk with 6k-9k per week.
@@teamginate3400 At least you are hanging on. I can only imagine the miles. I'm lazy ... I do less than 2000 *ALL* miles in 7 days. ANY LONGER, and I start feeling psycho 😭
Love your vids but got to disagree. Lone mountain has the same turn over rate as any lease purchase. The payments look good but your not comparing apples to apples. It doesn't include maintenance. Your also way overpaying for a high mileage truck. On a regular lease you can just walk away if it doesn't work out. You're not out a $7000 down payment or depreciation.
That exactly what I did. Lone Mountain was good for me. 579 Pete looks just like your new truck. My payment is $2150 and you do need some money or credit available for maintenance. And that is a monthly payment.
Sheesh. That's a hefty payment in this market. I do wish you well though.
@@willmann30don't correct him. He's doing "great" ... In any case, it's all a "write off" remember? 😂 People done gone drunk on this kool-aid bs
I’m putting down $25k revs this month? Is that not good anymore?
You're getting screwed with that payment
@@ussenterp65 dude, stop telling him that.... Let him learn the hard way... I would tell him to go buy another truck too, put a driver, have a fleet, and be a "boss" ... That's what it's all about
Good luck getting truck drivers to sign up “owner operator” when there is a war on small businesses and the government is against the little guy.
👍👍👍👍
I sure wouldn't be encouraging anyone to fo get a truck right now and drive the rates down even more
Now is the time to jump in! In a crashed economy it’s time to face up and man in. If you’re not ready to jump, then this message isn’t for you. But if you are ready, now’s the time. Because the uptick is around the corner 🙌
Thats me
I was doing good but fell off trying to work myself back into my Truck...
Add if you're working as a company driver in Maryland making 1200 hours a week you need to be looking for a different job
Wish I could be paid in hours 🙌🙌 or.. if you meant $1200 per week, yeah you need a dig gig 🙌🙌
Men, you should get a headset so we can hear you better
I think you also need to have 10k in savings account for repairs to qualify
Lol it's gonna cost at a min 30k to rebuild a engine
No you just need 1500 more than the down payment I just got approved
What other companies can you take your truck to besides Landstar ?
Bennett would be my first choice. I mention LS because most know them 👌
Look at the settlements they send you. Or have a REAL trucker look at them. Some loads are 1600 miles paying 4500 and date is next day! When things look to good to be true…… and ANy company withholding 2 weeks of settlements but your an OO or lease op then that will let you know already a red flag
🙌🙌
Bro, good morning, there is so much noise. Can you send me the place to buy the truck. Or write it down on the reply for me please.
Heartland Truck sales in OKC 👌
I did just that but are paccar engine really that bad ?
I think they are good engines. I’m just a Cummins guy because I know how to work on and keep em rolling.
My buddies with a PAC are killing it with mpgs… I’m a lol jealous lol
Hey there Sammy I'd like to know your opinion. Let's say you live in a bad market like Arizona and your truck is not allowed in California. Once I get to the Midwest I'm fine I can find loads all day long. How far are you willing to dead head to get to a good market or what is your min rpm because i struggle to leave az with a flatbed Everytime I come home. What would you do or think is best in this situation?
Find a storage lot in the midwest and fly home and fly back cheaper in the long run
IMO know your numbers, find your niche and maybe try different equipment.
I take a hit most of the time myself being in Ga. Plenty of freight but also plenty of trucks willing to take it cheap. I just do the best I can do to get in that money market 🙌
10 4 thank you guys
What is this new law that will pass on March 11th has to do with lease operators & owner operators leased to carrier's peace
I’m digging. Video soon to come! It’s a disgrace and against our democracy! It’s attacking our freedoms!!
I think it's more towards lease purchase drivers saying that they cannot be treated like employees it might stop lease purchase all together
Hey can you tell me what rawze tought you first about Cummins engine I just downloaded his book they say if you follow it you'll be ok maintaining your engine
Brother good advice. I hope one day trucking goes back to o/o. These corporations are bleeding us dry. Buy a truck work for yourself, it’s hard and risky but much more rewarding. Especially for drivers and their families. Instead of a 1.5 million dollar salary to a big wig at major carriers. How about a video on drivers with paid off equipment and keeping big brother out of your pocket?????🇺🇸
Does it apply for dump truck?? That is what I'm doing now and local
I have no idea. I don’t know anything about dump truckin 😎
@@MakeCentsTrucking I guess I could check them out
I didn't think owner operators were going to be able to lease on starting in march due to the new federal law pertaining to independent contractors, same as the AB 5 law in California? Am i misunderstanding this law
I think that's why they require you to already have a LLC.
@@tgentry4801 I'm wondering though that even if you have an llc and don't meet their criteria if it's still not enough. Being that, say you have llc but you only provide service to one carrier. Are they still going to consider you to be an employee 🤔
@user-gb9ns2ww5f
I'm pretty sure the 1099 company driver has always been illegal. They've just gotten away with it. For the lease operators I'm not sure. I'm sure the big carriers will find a work around.
Not sure. I’m a get paid kinda guy. I don’t know the laws but best I gather it’s a sole proprietorship thing they want to do away with. Easy fix is create a LLC to run under which is an easy fix. 10 min and you’ll have one on Legal zoom 👊
No one enforces the rules or laws that’s why the business is so bad now.
It's very noisy around
I just got rid of my truck because I didn't see where me Making enough because of the maintenance on a 2018 kenworth t680. Right now your best bet is to lease or lease purchase a truck because if you can't afford a new truck that doesn't need alot of maintenance just lease purchase a new truck from a small carrier with new brakes and new tires, after you pay for the truck the money is your you don't have to pay for anything else I'm quite certain I was making more profit leasing from a company and most companies have truck so getting another truck is easy you just have to be sneaky about when your quitting you need to not tell them and get a load home to take your stuff out the truck then just abandon the truck because they all steal your last pay check 😂😅
Best bet is not to get a truck at all
I looked at Lone Mountain a few days ago. Their inventory is back to a couple hundred tractors but they are mostly automatic. No thanks.
hey man, I got my own Authority and truck, haven't found a broker that will work with me Authority 3m old, any advice?
Wow really? Uber, Ch Robinson, Coyote, TQL are the big boys and I run quite a bit with them, since day 1.
Just stay a hot market.
Have you tried them? As you get some age on MC, then move to the smaller mom and pop brokers.
@MakeCentsTrucking ohh yeah, I knew it was gonna be hard but not this hard, I'm also trying to get out of CT where I live so that doesn't help either
Ha Otto owner operators it makes the cash itself some times
AB5 LAW NATIONWIDE!!!??
Been digging! It’s a disgrace and an attack on our democracy !!!
Why in the world would anyone want to be a o/o in today’s market and world. You live in a truck and make less money at the end of the year then a good local company job pays. I’m not knocking the folks doing o/o. I have thought of it myself. However the numbers just don’t add up. Trucking has to be the only career that people is happy spending more money than they make. Example a truck makes $250,000 a year expenses $150,000 a year. You walk away with $100,000. Sounds great until you realize you spent 150,000 to make 100,000. I could be wrong, but my math would indicate that’s an upside down business.
Have you ever done it? How long? Was it a lease or did you own it?
Just curious because so many have theories with no personal experience them self.
I on the other hand have been a OO since 2013 and wouldn’t change a thing. Wish I would have started it sooner 😎
@@MakeCentsTrucking no I have never done it. I have plenty of buddies who are o/o and most of them are never home and the others who are home every day tell me to stay where I’m at and don’t deal with the headache. I’m local home every day off weekends and make more then most of them. I understand that a lot of factors can change the numbers. However all that I talk with the numbers are different but the common factor is that they all spend way more then they make.
@Jason000111mmw who do you work for? Sounds nice being home like a regular job and make more than o/o
You running both trucks?
No just the w9. Pete will be in the spring
I keep looking at the inventory at that dealership. I want to make the leap soon but the economy is pretty rough. All I hear is how about are the low rates. I am planning to go to Landstar as soon as possible.@@MakeCentsTrucking
HOW YOU LIKE THE TRUCK?
Love it but won’t be ready to roll until spring 😎
@@MakeCentsTrucking WELL TAKE YOUR TIME
i dont drive for 65 percent and a over piced truck
How to saturate the industry more: teach people how to replace you for cheaper.
Lmao really? No no no, the easiest way to do that is our govt loan program to immigrants but… this video isn’t for them.
@makecents
Have you mentored any start-ups? If you have, let me know. If you haven't, let me know. 😂
Yes, quiet a few
You need to research better for your videos. Your info about Lone Mountain is wrong.
Your gear shift is illegal
Ok 😐
Why, do you want to be a owner operator in today's world, that's stupid, I wouldn't fo it , with fuel insurance, break downs low Freight , it's not worth it , maybe 35 years ago, not now!
These comments kill me lol ok it’s not for everyone 🤷♂️ I’m putting down $25k this month but ok 👌
Caution some of the content before watched is terrible advice from a good guy.
Why go to lone Mountain when you can go to pride truck sales for less and get a better fleet owned truck.
Everyone always says start your Own Authorty. Do you realize how expensive having a Authorty actually is. Not just the start uo cost but everything. Hard pass
Why would anyone drive a international for any reason regardless of the engine. Cummins no thanks but its better than a paccar
Hey, go where ever. There’s better options than leasing on a lease purchase vs big mega fleets. Lone Mt. is the only one I know of. I have no info on Pride.
Worst time to became Owner Operator
Lone montaine their truck to expensive
Yes, you can find same trucks cheaper but unless you’ve got good credit. Good luck finding a loan for it.
Ride this year out, you are not going to make much money as an oo
Some will some won’t. I’m doing good
Hope you have your own authority, text book distracted driving
Geez. Hope you’re not in my safety dept lol 😂
Or better yet. Buy a cash truck for ten and now you keep profits. People need to stop telling new drivers to go in debt to get into business
Payments or maintenance, pick your poison
@@MakeCentsTrucking that’s not true at all. You’re going to have maintenance on any truck. If you set up your business correctly you’d put away money for maintenance anyways. You’ll have more profit to deal with maintenance definitely if you do preventative to begin with. And people definitely shouldn’t start with a classic truck either. It makes no sense to. Not with fuel costs and rates.
I’ve done it both ways multiple times and I definitely think you will do best buying a fixer upper truck if you know a little bit about trucks and what to buy.
@@zday407 not saying you can’t the other way but if you’re starting brand new you should add that stress and risk of truck payments.
all your talking about is how to get a truck like are you going to tell us how to become a owner operator ?
That’s the main part of becoming an OO lmao 🤷♂️
Why the F**k are people spending 14 - 60 thousand gahhdamn dollars 💵 on trucks ?? All the blood sweat and tears n years it took to save all of that and you go broke to be an O/O?
Some folks aren’t meant to not be worker bees 🤷♂️
Meanwhile this month, I’m putting down $25k in revenues! Keep thinking what you think and I’ll keep banking what I bank 👊
@@MakeCentsTruckingyou responded back to me as if i was talking sh*t … when people read text it really can be deceiving… but im not thinking anything im speaking what i know and that is if i wanted to become an O/O i just couldn’t see myself saving 60k in 4 years are more just to splurge and dump my bank account on a truck 🤷🏽♂️ because the goal is to get back home n come off this here road not to work round the clock even harder to keep that quote on quote 25k revenue… but when that truck breaks down and things slow down that 25k revenue will be spent on either your truck or your lifestyle 🤷🏽♂️ its just a gamble you take but hey to each his own.
DONT BECOME AN OWNER OPERATOR
This is dumb all their trucks are automatics no wonder you need so much money for maintenance.
I don’t have or drive auto shifts 🤷♂️ should have watched video